Average Tax Assessment in Lee County
Real Estate Values and Property Tax Valuation in Lee County, Texas
Lee County has 6,838 properties with a cumulative value of $1.4B, representing 0.06% of all real estate value in Texas. The average property tax rate in Lee County is 1.06%, which is lower than the state average of 1.69%. Property taxes in Lee County total $14.5M, with the average homeowner paying $2,168 in property taxes compared to the state average of $4,015. Property values for tax purposes are determined by the local appraisal district.
The property tax timeline in Texas begins on January 1st, when the property valuation date is set. Property value notices are issued between April and May, and the property tax appeal deadline is May 15th or 30 days after the notices are issued. The real property tax bill is due on January 31st for the preceding year's gross tax bills.
Updated November 01, 2023
| Important Links | |
|---|---|
| Lee Clerk | (979) 542-3684 |
| Lee Mapping/GIS | (815) 288-4483 |
| Lee Chancery Clerk | (662) 432-2100 |
| Lee Clerk of Circuit Court | (276) 346-7763 |
| Important Dates | |
|---|---|
| Real Property Tax Bill Due (1st of #): | January 31st, Gross tax bills for preceding year |
| Property Valuation Date: | January 1st |
| Property Value Notices Issued: | April - May |
| Property Tax Appeal Deadline: | May 15th or 30 days after notices are issued |
| Property Tax Bills Issued: | October 1st |
| Available Exemptions | |
|---|---|
| Early Payment Discount | |
| Senior | Available |
| Disabled | Available |
| Homestead | Available |
| Veteran | Available |
| Solar/Wind | Available |
| Charitable | Available |
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Real Estate Statistics in Lee County
Residential Property Taxes by Cities in Lee County
Lee County has an average property tax rate of 1.06%, which is slightly lower than the state average of 1.17%. This rate is applied to the assessed value of a property to calculate the annual property tax bill. The average property tax bill in Lee County is $2,168. Property tax rates vary across the cities in Lee County, with Giddings having the highest effective property tax rate of 1.26%, and Lincoln having the lowest effective property tax rate of 0.83%. This means that property owners in Giddings will pay a higher property tax bill than those in Lincoln. Despite the variation in rates, Lee County's overall property tax rate is still lower than the state average, making it an attractive option for property owners.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Lee County. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Dime Box | $14,590 | $33,850 | $81,880 | $205,330 | $443,614 |
| Giddings | $15,427 | $49,932 | $122,815 | $219,130 | $377,629 |
| Ledbetter | $15,780 | $39,160 | $101,630 | $248,750 | $452,716 |
| Lexington | $26,970 | $68,930 | $169,860 | $305,830 | $483,880 |
| Lincoln | $12,180 | $46,905 | $156,360 | $331,490 | $521,518 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Lee County.
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
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Real Estate Values in Lee County
The median home price in Lee County, Texas has remained unchanged from October 2022 to October 2023, at $435.0K. However, the home inventory in Lee County has decreased from 44 in October 2022 to 36 in October 2023, indicating a decrease in the number of homes available for sale. This could indicate that the demand for homes in Lee County is increasing, which could lead to an increase in home prices in the future.
Average Home Value in Lee County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Lee County
Last updated: November 2023
Percent Change in New Home Listings in Lee County
Last updated: November 2023
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Mortgage Rates in Lee County
Lee County has a total of $189.8M in outstanding home mortgage loans, with 1.4K loans in total. This represents a significant portion of the total home value in the county, as the average loan amount is around $135K. The median mortgage rate in Lee County varies significantly across cities, with the highest rate being 4.44% in Ledbetter and the lowest rate being 4.02% in Lexington. This difference of 0.42% between the two cities is significant, and could potentially save homeowners thousands of dollars in interest over the life of the loan. Overall, Lee County has a healthy mortgage market, with a wide range of rates and loan amounts available to potential homeowners.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Lee County by city.
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Lee County.
Housing Expenses in Lee County, Texas
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